Mumbai is gearing up for a massive financial outlay in the fiscal year 2025-26, with the state government allocating a staggering ₹3,12,556 crore towards salaries, pensions, and interest payments. This figure represents over 50% of the projected revenue expenditure of ₹6,06,855 crore, underscoring the heavy burden of committed costs on the state’s budget.
Officials revealed that revenue receipts are estimated at ₹5,60,964 crore. Breaking it down, salary expenses alone will clock in at ₹1,72,760 crore, accounting for 28.5% of total revenue spending—a sharp rise from ₹1,46,037 crore (25.9%) in 2024-25. Pensions will demand ₹75,137 crore (12.4%), up from ₹60,038 crore (10.7%), while interest payments are set to reach ₹64,659 crore (10.7%), compared to ₹54,687 crore (9.7%) last year.
Beyond these core commitments, grants and assistance (excluding salaries) are budgeted at ₹1,70,546 crore (28.1%), a slight dip from ₹1,78,094 crore (31.6%) in the previous year. Other expenditures will see a marginal increase to ₹65,225 crore (10.7%) from ₹63,520 crore (11.3%). The overall revenue expenditure is projected to grow to ₹6,06,855 crore from ₹5,62,999 crore.
The economic survey paints a brighter picture on the investment front. Maharashtra has maintained its top spot in FDI inflows since October 2019, capturing 31% of India’s total. Exports from the state contributed 15% to national exports in 2024-25. Software exports hit ₹1,74,798 crore by January 2026.
Post the IT and ITES Policy 2023, investments worth ₹18,595 crore have led to 37 public IT parks and 2.7 lakh jobs by December 2025. The state boasts the highest 17% share in national startups as of February 2026. MSMEs registered on the portal numbered 63.85 lakh by December 2025, generating 2.53 crore jobs.
To cement its status as a global trade hub, the government unveiled the Maharashtra Industry, Investment, and Services Policy 2025, aiming to attract investments, foster innovation, and accelerate tech adoption. This strategic push signals Maharashtra’s ambition amid rising fiscal pressures.